Karachi Cotton Association Official Spot Rate for Local Dealings in Pak Rupees of 14-10-2013

Karachi, October 14, 2013 (PPI-OT):

                                                                     PART - I
                                                                     SPOT RATES
                                               KCA Official Spot Rate for Local Dealings in Pak Rupees
                                                FOR BASE GRADE 3 (THREE) STAPLE LENGTH 1-1/16"
                                                    MICRONAIRE VALUE BETWEEN 3.8 To 4.9 NCL

Rate                   Ex-Gin Price      Up-country      Spot Rate          Spot Rate          Difference
for                                      Expenses        Ex-Karachi         Ex. KHI. As on       In Rs.
                                                                             30.09.2013         Ex. Karachi
37.324 kg
                           6,900            155             7,055              7,055             NIL
Equivalent
40 kgs                     7,395            155             7,550              7,550             NIL

                                 Valid for the day established by the Rates Committee at 12:00 Noon.
                                              Grade and Staple Margins are notified below:

                                                        GRADE AND STAPLE MARGINS
                                        (for the period from October 01, 2013 to October 31, 2013)

GRADE                                                STAPLE LENGTH
                  31/32"           1"                     1-1/32"                    1-1/16"                   1-3/32"                     1-1/8"
            37.32kg   40kg      37.32kg   40kg      37.32kg   40kg             37.32kg   40kg             37.32kg   40kg             37.32kg   40kg
Super           N/A    N/A          N/A    N/A          N/A    N/A                 N/A    N/A                N/A    N/A                 N/A    N/A
1               N/A    N/A          N/A    N/A          N/A    N/A                +100   +107                +175   +188                +225   +241
2               N/A    N/A          N/A    N/A         -25     -27                 +50   +54                 +135   +145                +185   +198
3               N/A    N/A          N/A    N/A         -75     -80                    BASE                   +75    +80                 +125   +137
4               N/A    N/A          N/A    N/A         -125   -134                 -50   -54                 N/A     N/A                 N/A    N/A
5               N/A    N/A          N/A    N/A          N/A    N/A                N/A    N/A                 N/A     N/A                 N/A    N/A

All above margins are based on Micronaire value between 3.8 to 4.9 NCL for Grades Super, 1, 2, and 3 and Micronaire value between 3.5 to 4.9 NCL for Grades 4 and

Approval of Government for Grade Super and Micronaire value 3.8 to 4.9 NCL is awaited.

The discount on the basis of low or high Micronaire is stated below which is applicable in addition to the above mentioned margins:

Micronaire below 3.8 n          Percentage                      Micronaire in        Percentage
Grades Super,1 ,2 and 3         Allowance                       Excess of 4.9        Allowance
and Micronaire below 3.5
in Grades 4 and 5
       0.1                         0.5                              0.1                 0.5
       0.2                         1.0                              0.2                 1.0
       0.3                         2.0                              0.3                 2.0
       0.4                         3.0                              0.4                 3.0
       0.5                         4.0                              0.5                 4.0

The Grade and Staple Margins Chart and the percentage allowances for Micronaire below and in excess of the given limits will be published in the DMR of the Association every Monday or on Tuesday, if Monday happens to be a closed holiday.

                                                       PART - II
                                                (DOMESTIC TRANSACTION)
                                                  Dated: October 14, 2013
                                                     2013 - 2014 CROP
Bales     Station             Rate               Bales   Station              Rate
400      MirPurKhas        6200 / 6300            400    Fort Abbas           7150
400      Nawab shah           6800                400    Fort Abbas           7100
600      KhairPur             7050                1000   Haroonabad           7100
400      Ahmed Pur            7000                400    Murid wala           7200
         Bahawal Pur          7000

                                                          PART - III
                                                           (EXPORTS)
Registration:-                                                               Shipments:-
PERIOD - (MY 2013-14)                       CROP                 BALES       PERIOD- (MY 2013-14)               CROP             Bales
01-08-12 to 23-09-13                    2012 - 2013              49,920      01-08-12 to 15-09-13              2012-13           55,852
01-08-12 to 23-09-13                    2013 - 2014             162,036      01-08-12 to 15-09-13              2012-13           74,733
                                             Total:-            211,956                                               Total;-   130,585
Source: Trade Development Authority of Pakistan                              Source: Trade Development Authority of Pakistan

        PART -IV                                                                              PART - V
       (IMPORTS)                                                                 (Mills Consumption of Raw Cotton)
                                                                                      Cotton Season 2012-2013
PERIOD - (MY 2012-13)                        Qty. in MT           Month                           Bales
                                                                Aug, to July, 2013               12,881,436
August, 2013                                      9,076         Non Listed Mill Consumption       1,958,982

                             Total:-          417,825                        Total:-             14,840,418
                                                              Figure Revised
Source: Federal Bureau of Statistics                          Source: Textile Commissioner's Organization

(ARRIVAL CROP 2012-13)                                                               (COMPOSITE EXCHANGE RATES)
As on September 15, 2013                                                              Date; October 14, 2013
                                   In Bales
                     Punjab                     Sindh              Pakistan           Country    Selling   Buying     Sight
Total Arrivals       931,612                   1,493,505           3,684,289
Sales to TCP            -                         -                   -
"to Exporters         12,000                     123,600             135,600           USA       105.90    105.70     105.48
"to Mills           1,245,171                  1,715,635           2,960,806
Unsold Stocks as on 15-09-2013                                       587,883           Source:  National Bank of Pakistan
Source: PCGA
                                         SUMMARY OF COTTON ARRIVAL IN 2013-14 AND 2012-13 AS ON 01.10.2013
                                                                   2013-14                                        2012-13
                                                       PUNJAB       SINDH          TOTAL           PUNJAB         SINDH             TOTAL
Total Arrival:                                      1,493,505     2,190,784       3,684,289        1,826,069       1,621,094        3,447,163
Difference in bales
% 
Flow during this fortnight                             -18.21        +35,14            6,88
Sales to TCP                                          -               -               -
Sales to Exporters                                     12,000       123,600         135,600            1,000          35,740           36,740
Sales to Mills                                      1,245,171     1,715,635       2,960,806        1,530,094       1,274,755        2,804,849
Unsold stocks                                                                       587,883                                           605,574

For more information, contact:
Karachi Cotton Association
The Cotton Exchange I.I Chundrigar Road,
Karachi, Pakistan.
Phone: +(92)242-5007, +(92)241-2570, +(92)241-6497
Fax: +(92)241-3035, +(92)241-2580
Email: contact@kcapak.org

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